Energy Options
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WTI Options Liquidity During Non-U.S. Hours
- Over 80% of WTI Options (LO) have traded electronically for almost 3 years straight
- LO volume continues to be driven by spread trading—a record 59% of LO volume was executed via spreads in March 2020
- A record 21% of WTI Options are being traded overnight YTD in 2020 with ETH ADV at 31k
- LO ADV traded during London Morning Hours is at 21k YTD, with a record 14% of total ADV executed during this time frame each day
| Clearing | CME Globex | Floor | CME ClearPort | Product Name | Subgroup | Exchange | Volume | Open Interest |
|---|---|---|---|---|---|---|---|---|
| LN | LNE | - | LN | Natural Gas Option (European) | Natural Gas | NYMEX | 160,798 | 3,121,590 |
| LO | LO | - | LO | Crude Oil Option | Crude Oil | NYMEX | 101,363 | 2,029,675 |
| AO | AAO | - | AO | WTI Average Price Option | Crude Oil | NYMEX | 10,864 | 243,759 |
| ON | ON | - | ON | Natural Gas Option (American) | Natural Gas | NYMEX | 7,615 | 107,828 |
| G4 | G4X | - | G4 | Natural Gas (Henry Hub) Last-day Financial 1 Month Spread Option | Natural Gas | NYMEX | 5,700 | 134,525 |
| G3 | G3B | - | G3 | Natural Gas (Henry Hub) Last-day Financial 3 Month Spread Option | Natural Gas | NYMEX | 4,563 | 50,880 |
| LO4 | LO4 | - | LO4 | Crude Oil Weekly Options - Week 4 | Crude Oil | NYMEX | 3,006 | 11,588 |
| 7A | B7A | - | 7A | Crude Oil Financial Calendar Spread Option 1 Month | Crude Oil | NYMEX | 1,520 | 97,700 |
| LO1 | LO1 | - | LO1 | Crude Oil Weekly Options - Week 1 | Crude Oil | NYMEX | 1,229 | 3,239 |
| BZO | BZO | - | BZO | Brent Crude Oil Futures-Style Margin Option | Crude Oil | NYMEX | 627 | 58,983 |
Note: Volume and Open Interest data is from the previous trade date. Preliminary data updates at approximately 9:00 p.m. CT and the final update is at 10:00 a.m. CT next business day.
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